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The Ecstatic
Chilldog Extraordinaire
Registered: 11/11/09
Posts: 33,755
Loc: 'Merica
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Re: The current tax legislation [Re: relic] 2
#24825301 - 12/04/17 10:26 AM (6 years, 3 months ago) |
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People know both parties suck, but at least the GOP gives them their culture war shit.
When forcing Starbucks cups to say Merry Christmas is at the top of your political agenda, you dont really care about a shitty tax bill that the libtards would probably pass anyway (like when Obama cemented the Bush tax cuts).
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krypto2000
Unknown
Registered: 12/05/06
Posts: 11,579
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Re: The current tax legislation [Re: The Ecstatic] 2
#24825841 - 12/04/17 02:31 PM (6 years, 3 months ago) |
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I was just venting to my GOP mother that I'm worried the GOP tax plan is going to hurt me in the future because they may have to cut social services, namely social security and medicare, and that I may not be able to retire.
Her response was that her and my step-father have worked and paid into SS/medicare their whole lives and so they "deserve it!" (why was she angry/yelling? idk) and that Obama "increased the national debt by more than any president in history." Okay. What does any of that have to do with me being worried I may not be able to retire and receive social security and medicare? I wasn't defending past presidents actions and I wasn't saying you don't deserve it. She stopped responding to me after that.
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XUL
OTD Janitor
Registered: 03/16/05
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It's tax reform meant to stimulate the economy.
You are assuming it won't work. Right?
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TRUMP 2020
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Falcon91Wolvrn03
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Loc: California, US
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Re: The current tax legislation [Re: XUL] 1
#24825866 - 12/04/17 02:46 PM (6 years, 3 months ago) |
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Spending more than you take in should stimulate the economy. Two problems are: 1. You should only increase deficit spending during recessions if your are fiscally conservative; otherwise you hurt future generations with the debt. 2. You should deficit spend in a way that directly helps the middle and lower classes, not just the rich (if you care about the majority of Americans).
I got an idea to stimulate the economy - big tax cuts for the middle class instead of the rich.
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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qman
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Re: The current tax legislation [Re: XUL] 2
#24825901 - 12/04/17 03:02 PM (6 years, 3 months ago) |
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Quote:
XUL said: It's tax reform meant to stimulate the economy.
You are assuming it won't work. Right?
Believe it or not, the elite in power do NOT want to stimulate the economy.
The plan is about giving the wealthy even more power while taking more purchasing power from the bottom 99%.
If they truly wanted to stimulate the economy, they would have over 10 year ago, they don't want do it.
Edited by qman (12/04/17 03:03 PM)
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Morel Guy
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Registered: 01/23/13
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Quote:
Falcon91Wolvrn03 said: Here's why:
House Republican: my donors told me to pass the tax bill “or don’t ever call me again”
That's the worst of it. Big biz and the rich own the US Govt. All so the little guy fights their wars and runs their factories.
-------------------- "in sterquiliniis invenitur in stercore invenitur" In filth it will be found in dung it will be found
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Tipote
petty crook and transvestite
Registered: 10/28/11
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Re: The current tax legislation [Re: XUL] 4
#24829828 - 12/06/17 12:11 PM (6 years, 3 months ago) |
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Quote:
XUL said: It's tax reform meant to stimulate the economy.
You are assuming it won't work. Right?
when has this ever worked? Let me guess... it'll "trickle down"?
if you want to stimulate the economy, you empower the working and middle classes, like Falc said. They actually spend their money.
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War is Peace, Freedom is Slavery, Ignorance is Strength
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Kryptos
Stranger
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Re: The current tax legislation [Re: Tipote] 4
#24829908 - 12/06/17 12:52 PM (6 years, 3 months ago) |
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Edited by Kryptos (12/06/17 12:55 PM)
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krypto2000
Unknown
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Re: The current tax legislation [Re: Kryptos] 3
#24829994 - 12/06/17 01:25 PM (6 years, 3 months ago) |
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Also see the great depression, the crash in the 80's (Reagan tax cuts), and the 2008 crash (Bush tax cuts). Why do people keep thinking this will work? It's literally failed and resulted in an economic collapse every time that we have.
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Kryptos
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Re: The current tax legislation [Re: krypto2000]
#24830023 - 12/06/17 01:43 PM (6 years, 3 months ago) |
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Quote:
krypto2000 said: Also see the great depression, the crash in the 80's (Reagan tax cuts), and the 2008 crash (Bush tax cuts). Why do people keep thinking this will work? It's literally failed and resulted in an economic collapse every time that we have.
Didn't you read the comic I posted? It keep failing every time because we don't have enough PATIENCE and keep repealing the tax cuts when economic reality sets in. We just need to let a little more rope out, and suddenly less tax revenue will become MORE tax revenue!
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qman
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Re: The current tax legislation [Re: krypto2000]
#24830808 - 12/06/17 09:09 PM (6 years, 3 months ago) |
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Quote:
krypto2000 said: Also see the great depression, the crash in the 80's (Reagan tax cuts), and the 2008 crash (Bush tax cuts). Why do people keep thinking this will work? It's literally failed and resulted in an economic collapse every time that we have.
Those economic downturns were the result of credit bubbles, not "tax cuts".
I see no correlation between tax cuts and credit bubbles, capitalism with poor banking regulations result in boom and bust cycles.
Just wait until this debt bubble blows up, it will be one for the ages.
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XUL
OTD Janitor
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Re: The current tax legislation [Re: qman]
#24831101 - 12/07/17 12:34 AM (6 years, 3 months ago) |
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Do you support government subsidies?
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TRUMP 2020
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Kryptos
Stranger
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Re: The current tax legislation [Re: XUL] 1
#24831977 - 12/07/17 01:04 PM (6 years, 3 months ago) |
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"capitalism with poor banking regulations result in boom and bust cycles. "
Only banking? Seems to me that deregulation of any industry to the point where the rich can make some loopholes appears leads to boom and bust cycles...
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